Religare Enterprises Limited

rs,

vel of NPAs in the Company's portfolio effectively; (e) internal or external fraud, operational errors, systems malfunctions, or cyber security incidents; (f) volatility in interest rates and other market

Rs. 11,417

's 2nd largest SAHI, fast growing and consistently profitable Standalone Health Insurer with GWP of Rs. 11,417+ Cr. in FY26  Strong market position driven by presence across multiple segments and channels 

rs 15

digital & centralized servicing desk via  NBFC with over experience in secured SME lending years 15 of  Debt-free, robust legacy issues conclusively resolved financials with  Offering E-Governan

10 Lakh

ce services through a digital platform supported by nation-wide agent network  Total customers – ~10 Lakh  Active clients – ~2.5 Lakh  Branches – 68 branches  CRAR - 261.9%  NNPA - 0.8%  Focused on

2.5 Lakh

l platform supported by nation-wide agent network  Total customers – ~10 Lakh  Active clients – ~2.5 Lakh  Branches – 68 branches  CRAR - 261.9%  NNPA - 0.8%  Focused on affordable and mid- income ho

261.9%

twork  Total customers – ~10 Lakh  Active clients – ~2.5 Lakh  Branches – 68 branches  CRAR - 261.9%  NNPA - 0.8%  Focused on affordable and mid- income housing in smaller towns and cities  Granu

0.8%

ustomers – ~10 Lakh  Active clients – ~2.5 Lakh  Branches – 68 branches  CRAR - 261.9%  NNPA - 0.8%  Focused on affordable and mid- income housing in smaller towns and cities  Granular, fully a

Rs.243

fully asset backed loan book with a focus on informal self employed segment secured  AUM of ~ Rs.243 Cr.  Customers served – ~3,100+  Presence in 8 states Strong promoter group Massive TAM Fi

Rs. 750 crore

oters of REL in February 2025 The Promoters reaffirmed their long-term commitment by contributing Rs. 750 crores in the preferential issue Promoter group increased its stake in the company to ~30.3% via open m

30.3%

ng Rs. 750 crores in the preferential issue Promoter group increased its stake in the company to ~30.3% via open market purchase during last quarter   Capital Raise:  REL announced capital raise

Rs. 1,500

e:  REL announced capital raise via a preferential issue of convertible warrants to the tune of Rs. 1,500 Cr. with investment from the promoters, the Burman family and other investors Demerger of Financi

Rs. 2,473

(REL) – Earnings Key Theme Q4 FY2026 Financial Highlights      REL reported a revenue of ~Rs. 2,473 Cr. on a consolidated basis for the quarter and a PAT of ~Rs. 96 Cr. Care (Health insurance business

“in FY26 led by the Health Insurance business Care (Health insurance business) reported a Gross Written Premium (GWP – n basis) of ~Rs.”

“24 Cr in FY25 RBL (Broking Business) maintained stable operational performance with total income at ~Rs.”

“Market Share 22% share in SAHI segment Solvency Ratio 1.68 Branch Network FY26 KEY HIGHLIGHTS 277 Branches 1,455+ Network Locations ~22,040+ Hospital Tie-ups Key Proposition 1.”

“in FY26, registering a robust growth of 24% y-o-y, led by retail health growth.”

“Cr.) Equity as per I-GAAP Ind AS Adjustment Insurance Contracts (Ind AS 117) Leases (Ind AS 116) Share-based payment (Ind AS 102) Financial Instrument (Ind AS 109) Income Taxes (Ind AS 12) Equity as per Ind AS FY26 2,666 525 0 (10) (85) (108) 2,988 FY25 2,331 (40) (1) - 81 (10) 2,361 20 Religare Broking Limited – Business Overview 21 Religare Broking Limited (RBL) – Strong foothold to drive growth Assets Under Custody (AUC) Rs.”

“North (28%) South (26%) East (17%) West (29%) North (33%) South (9%) East (41%) West (17%) Geographical Footprints FY26 Performance Highlights     68 Branches ~1100 Business Partners ~61000+ E-Gov Franchise 400+ Cities Key Proposition 1.”

“Note: Data is presented for FY26 for RBL and its subsidiaries Strong Q4 FY26 Rebound (YoY)   +79% YoY Growth in Q4 FY26 PBT to Rs.”

“+18% YoY Growth in Q4 FY26 Total Income to Rs.”

“98.7 Cr, driven by:    +41% Growth in Brokerage +44% increase in Interest Income +31% increase in E-Governance business  +75% YoY Funding Book Growth FY26 Full-Year Performance Overview      Subdued Topline: Total Income saw a marginal decline of 2% to Rs.”

“Cr.) Profit Before Tax (1) 42.9 29.6 83.4 98.7 12.9 7.2 Q4FY25 Q4FY26 FY25 FY26 Income grew 18% YoY in Q4, while full-year performance remained stable at an elevated base Q4FY25 Q4FY26 FY25 FY26 Profitability surged 79% YoY in Q4, demonstrating strong recent momentum despite a lower full-year finish (Rs.”

Board and Leadership strengthening

1

Strong Promoter Commitment

1

Capital Raise

1

Process Re-engineering

1

Board and Leadership strengthening

 The Board reconstituted across REL and subsidiaries; and governance frameworks aligned with the group’s renewed institutional standards Senior management strengthened across the group with key leadership appointments across REL and subsidiaries 

Strong Promoter Commitment

 Change of control at REL with the Burman Group being designated as the Promoters of REL in February 2025 The Promoters reaffirmed their long-term commitment by contributing Rs. 750 crores in the preferential issue Promoter group increased its stake in the company to ~30.3% via open market purchase during last quarter  

Capital Raise

 REL announced capital raise via a preferential issue of convertible warrants to the tune of Rs. 1,500 Cr. with investment from the promoters, the Burman family and other investors Demerger of Financial Services Business from REL to Religare Finvest Limited  Approval of demerger by the Boards of REL and RFL  Aimed at sharper focus on two different segments : Financial Services Business and Insurance Business 5 Key Leadership Appointments Mr. Arjun Lamba Executive Director Religare Enterprises Limited Mr. Ajay Kumar Shah MD & CEO Care Health Insurance Limited Mr. Manish Vishnu Dodeja Executive Director Care Health Insurance Limited Mr. Karthik Srinivasan CEO Religare Finvest Limited Mr. Pankaj Rathi CFO & Executive Director Mr. Vijay Kumar Goel MD Religare Housing Development Finance Corporation Limited Religare Broking Limited 6 Religare Enterprises Limited (REL) – Earnings Key Theme Q4 FY2026 Financial Highlights      REL reported a revenue of ~Rs. 2,473 Cr. on a consolidated

Process Re-engineering

Optimize key workflows. Automation: Drive faster, error-free, and scalable operations Smart multi-segment growth strategy Steady, quality-led execution 27 Religare Finvest Limited – Business Overview 28 Religare Finvest Limited (RFL) – Rebuilding a Credible, Capital-Ready MSME Lender Net AUM ~Rs. 60.6 Cr. Surplus Fund ~Rs. 591.5 Cr. Collection Efficiency ~98% PAT ~138.8 Cr Net Owned Fund (NOF) ~821.4 Cr. Branch Network    4 Branches 3 States ~240+ Customers Key Proposition 1. Debt-free, robust financial with legacy issues conclusively resolved 2. MSME-centric lending model, backed by governance-led turnaround 3. Backed by strong parent - Religare Enterprises Limited (REL) Data presented is for FY26 FY26 Result Highlights  Successfully transitioned into a clean, governance-led NBFC, with all legacy issues including regulatory restrictions and fraud classification fully resolved  Debt-free balance sheet, significantly strengthening financial flexibility     Robust capital positi